Linea wallet

What is Linea (LINEA)?

A token named after a Layer 2 is easy to misread, so start with what it is not. LINEA is not the gas coin of the Linea network: fees on Linea, exactly as on Ethereum mainnet, are paid in ETH. It is also not a governance token; the direction of the network is set by the Linea Consortium of Ethereum-native organisations, not by token votes. What LINEA is, in practice, is the ecosystem token of the zkEVM rollup built by Consensys, a chain that runs Ethereum contracts unchanged and posts validity proofs to mainnet. The bulk of its supply is set aside for builders, users and public goods on the chain, and the fee design of the network sends part of net ETH fee income into buying LINEA on the open market and burning it, with the rest burned as ETH. The supply shrinks as the chain is used; the token itself pays the holder nothing, and its balance in a wallet does not change on its own.

For holding, the point that matters is where the token sits. LINEA is a plain ERC-20 that exists on Ethereum mainnet and on Linea itself, moved between the two through the canonical bridge. The contract address is the same on both, the balances are not: coins bridged to the L2 are invisible on mainnet until bridged back. In Tangem the LINEA you hold on Ethereum is its own line with its own balance, and the app shows the network and the address on the send screen, so you check them before the card signs. With ETH for fees kept in the same wallet, that makes it a comfortable home for a token most holders will move rarely.

Supported networks in Tangem (1): Ethereum.

One last check when adding the token: the ticker matches the network name. The genuine LINEA is the one listed under Ethereum; four matching letters on some other network are not it.